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Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023

Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023

“The gas-insulated substation market is projected to grow at a CAGR of 9.27%, from 2018 to 2023.”
The gas-insulated substation market is projected to reach USD 29.5 billion by 2023, from an estimated USD 18.9 billion in 2018, at a CAGR of 9.27%. This growth is primarily due to the rise in renewable power generation, increasing investments in the transmission & distribution infrastructure, escalating energy demand, limitations of space availability in densely populated urban areas, and government initiatives toward improving electricity access. The high installation cost can act as a restraint for gas-insulated substations.

“The medium voltage segment is expected to grow at the highest CAGR from 2018 to 2023.”
Medium voltage gas insulated substation is expected to grow at the highest CAGR from 2018 to 2023. The market is primarily driven due to the rapid improvement in the power distribution sector through the implementation of smart grid and smart metering technology. This equipment is mainly used by the core sector, power generation, infrastructure, transportation, and distribution system industries. They are also used for the protection of industrial equipment such as generators, motors and compressors, HVAC and air-conditioning, heating and lighting equipment, step-up transformer bushing, and overload current.

“Asia Pacific: The largest market for gas-insulated substations.”
Asia Pacific is expected to account for the largest market share of the global gas-insulated substation market in 2018. This trend is projected to continue until 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Countries such as China, Japan, and India are investing in their grid expansion projects to increase distribution grid reliability. China accounted for the largest share of the gas-insulated substation market in Asia Pacific in 2017 and is estimated to have the highest installed generation and distribution capacity during the forecast period. China, which is an export-oriented economy, has witnessed exponential growth in demand for electricity in the past couple of decades, fuelled by industrialization and infrastructural developments. Almost all the countries in the region are augmenting their generation capacities. India, China, and Indonesia are investing heavily in their hydroelectric power projects. Japan, China, and India are also emphasizing on nuclear and solar power generation to meet their increasing energy demand. This has led to a rise in investments in the transmission & distribution sector by connecting renewable energy generation to the grid and are expected to drive the growth of the gas-insulated substation market in Asia Pacific.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 70%, Tier 2- 20%, and Tier 3-10%
By Designation: C-Level- 50%, Director Level- 20%, and Others- 30%
By Region: North America- 40%, Asia Pacific- 21%, Europe- 15%, The Middle East & Africa- 13%, and South America- 11%

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the gas-insulated substation market include ABB (Switzerland), Hitachi (Japan), Siemens (Germany), and Toshiba (Japan).

Research Coverage:
The report defines, describes, and forecasts the global gas-insulated substation market, by voltage type, installation, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the gas-insulated substation market.

Key Benefits of Buying the Report
The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall gas-insulated substation market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH METHODOLOGY SCOPE
    • MARKET SIZE ESTIMATION
      • IDEAL DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
    • STATISTICS
      • T&D INVESTMENT, BY REGION (2014-2035)
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table GAS-INSULATED SUBSTATION MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE GAS-INSULATED SUBSTATION MARKET
    • ASIA PACIFIC GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER & COUNTRY
    • GAS-INSULATED SUBSTATION MARKET, BY COUNTRY
    • GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE RATING
    • GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL URBAN POPULATION OVERVIEW, BY REGION, 1990, 2014, 2050
        • Table GLOBAL T&D INFRASTRUCTURE EXPANSION PLANS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table KEY HVDC PROJECTS BY ABB
      • CHALLENGES
  • GAS-INSULATED SUBSTATION MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • MEDIUM VOLTAGE
      • RAPID DEVELOPMENT OF RESIDENTIAL AND COMMERCIAL INFRASTRUCTURE
        • Table MEDIUM VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • HIGH VOLTAGE
      • INCREASING INVESTMENTS FOR POWER GENERATION PLANTS
        • Table HIGH VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • EXTRA-HIGH VOLTAGE
      • RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION FOR LONG DISTANCE
        • Table EXTRA-HIGH VOLTAGE: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • GAS-INSULATED SUBSTATION MARKET, BY INSTALLATION
    • INTRODUCTION
      • Table GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
    • INDOOR
      • INCREASING INVESTMENTS IN THE ENERGY SECTOR ACROSS THE NATION
        • Table ASIA INDOOR: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OUTDOOR
      • RISING FOCUS ON DEVELOPMENT OF POWER TRANSMISSION AND DISTRIBUTION FOR LONG DISTANCE
        • Table OUTDOOR: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • GAS-INSULATED SUBSTATION MARKET, BY END-USER
    • INTRODUCTION
      • Table GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD BILLION)
    • POWER TRANSMISSION UTILITY
      • INCREASING INVESTMENT FOR DEVELOPMENT OF TRANSMISSION GRID EXPANSION AND REFURBISHMENT
        • Table POWER TRANSMISSION UTILITY: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • POWER DISTRIBUTION UTILITY
      • SPACE CONSTRAINT MEANWHILE RISING DEMAND FOR ELECTRICITY
        • Table POWER DISTRIBUTION UTILITY: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • POWER GENERATION UTILITY
      • RISING DEMAND FOR EFFICIENT AND LONG- LASTING POWER INFRASTRUCTURE
        • Table POWER GENERATION UTILITY: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: GAS-INSULATED SUBSTATION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • GAS-INSULATED SUBSTATION, BY REGION
    • INTRODUCTION
      • Table GAS-INSULATED SUBSTATION MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table GAS-INSULATED SUBSTATION MARKET, BY TOP COUNTRY, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • BY VOLTAGE TYPE
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 2016-2023 (USD MILLION)
      • BY INSTALLATION
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table US: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table CANADA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table MEXICO: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • BY VOLTAGE TYPE
        • Table ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 2016-2023 (USD MILLION)
      • BY INSTALLATION
        • Table ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table CHINA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table INDIA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table JAPAN: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table AUSTRALIA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table INDONESIA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • EUROPE
      • BY VOLTAGE TYPE
        • Table EUROPE: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 2016-2023 (USD MILLION)
      • BY INSTALLATION
        • Table EUROPE: GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: GAS-INSULATED SUBSTATION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table UK: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table GERMANY: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table FRANCE: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table SPAIN: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table NORWAY: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY VOLTAGE TYPE
        • Table MIDDLE EAST & AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 2016-2023 (USD MILLION)
      • BY INSTALLATION
        • Table MIDDLE EAST & AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table UAE: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table EGYPT: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table KUWAIT: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • BY VOLTAGE TYPE
        • Table SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY VOLTAGE TYPE, 2016-2023 (USD MILLION)
      • BY INSTALLATION
        • Table SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY INSTALLATION, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table ARGENTINA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table CHILE: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: GAS-INSULATED SUBSTATION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, 2014-NOVEMBER 2018
      • NEW PRODUCT DEVELOPMENT
      • EXPANSIONS & INVESTMENTS
      • CONTRACTS & AGREEMENTS
      • MERGERS & ACQUISITIONS
    • MICRO QUADRANT OVERVIEW
      • VISIONARY LEADERS:
      • INNOVATORS:
      • DYNAMIC DIFFERENTIATORS:
  • COMPANY PROFILE
    • COMPANY BENCHMARKING
    • HITACHI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • LARSEN & TOUBRO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • CG POWER AND INDUSTRIAL SOLUTIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • HYOSUNG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BHARAT HEAVY ELECTRICALS LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TBEA CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ELSEWEDY ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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